An Increase in Which One of the Following Accounts Increases

question 74

Multiple Choice

An increase in which one of the following accounts increases a firm's current ratio without affecting its quick ratio?

• A)Accounts payable
• B)Cash
• C)Accounts receivable
• D)Inventory
• E)Fixed assets

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Definitions:

Candidate's Platform

A formal set of principal goals which are supported by a political candidate or party, in order to appeal to the general public for the purpose of having said peoples’ support in votes.

Shocked

A sudden, intense surprise or disturbance of the mind or emotions, often caused by an unexpected event.

False Consensus

The tendency to overestimate how much others share our beliefs and behaviors.

News Media

Organizations and outlets that gather, report, and disseminate news, information, and commentary to the public.